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AUTHORS
Elijah Felice Rosales
Elijah Felice Rosales
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DOF to new admin: cut wasteful expenses
by Elijah Felice Rosales - May 29, 2022 - 12:00am
The Department of Finance is urging the incoming administration of President-elect Ferdinand “Bongbong” Marcos Jr. to cut wasteful expenditures to make sure the government keeps enough cash to finance...
Rice tariff collection reaches over P7 billion
by Elijah Felice Rosales - May 28, 2022 - 12:00am
Duties collected from rice imports went up by 18.5 percent to P7.35 billion as of the middle of May from P6.2 billion in the same period last year and is nearing the yearly goal of P10 billion for the Rice Competitiveness...
Budget posts surplus in April, first time in two years
by Elijah Felice Rosales - May 28, 2022 - 12:00am
The national government finally recorded a budget surplus in April this year as the tax season translated to higher collections for both the Bureau of Internal Revenue and the Bureau of Customs, according to the...
Pag-IBIG funds over 5,400 homes for low-wage earners
by Elijah Felice Rosales - May 27, 2022 - 12:00am
Home Development Mutual Fund, also known as Pag-IBIG, has financed the delivery of more than 5,400 socialized houses for mostly minimum wage earners.
Next admin urged to privatize NAIA
by Elijah Felice Rosales - May 27, 2022 - 12:00am
The Department of Finance has agreed with a legislator’s proposal that the Ninoy Aquino International Airport should be privatized to collect one-time gains for debt payments.
FIRB grants fiscal perks to Converge, 3 other telcos
by Elijah Felice Rosales - May 26, 2022 - 12:00am
The Cabinet-level Fiscal Incentives Review Board has approved the grant of tax perks to four telecommunication firms for P228.8 billion worth of expansion projects in remote areas.
Fiscal reforms to result in more taxes, less exemptions to pay off debts – DOF
by Elijah Felice Rosales - May 26, 2022 - 12:00am
Filipinos should brace for additional taxes and reduced exemptions in the next six years under proposed fiscal reforms for the incoming administration to pay off debts, the Department of Finance yesterday said.
Government infrastructure spending slows by 3% in 3 months
by Elijah Felice Rosales - May 26, 2022 - 12:00am
The government slowed down its infrastructure spending by P5 billion in the first quarter, but vowed to speed up budget releases for the remainder of the year to complete public works.
GOCCs post 19% hike in 2021 net profit
by Elijah Felice Rosales - May 25, 2022 - 12:00am
State-run firms grew their net income to almost P325 billion in 2021, nearing the pre-pandemic level of around P343 billion as they begin to normalize their operations.
Rates for 10-year bonds rise to 6.89%
by Elijah Felice Rosales - May 25, 2022 - 12:00am
Treasury rates for 10-year bonds jumped to almost seven percent yesterday, forcing the government to rethink the tenors of its succeeding borrowings.
Government lowers Philippines GDP growth target
by Elijah Felice Rosales - May 25, 2022 - 12:00am
The Cabinet-level Development Budget Coordination Committee has revised the target for economic growth for the year, from seven percent to eight percent, ahead of the change in administration scheduled in July.
Government issues tax perks to 11 big-ticket projects
by Elijah Felice Rosales - May 24, 2022 - 12:00am
The government has issued tax perks to P368 billion worth of projects, mostly outside of Metro Manila, in an effort to regulate the issuance of fiscal incentives.
BIR to pursue audit of big property developers
by Elijah Felice Rosales - May 24, 2022 - 12:00am
The Bureau of Internal Revenue will continue its tax audits of property giants to investigate reports that they failed to remit certain taxes owed to the government.
T-bill rates continue to climb
by Elijah Felice Rosales - May 24, 2022 - 12:00am
Treasury yields for full-year bonds nearly hit the four percent level due to monetary and political uncertainties hounding the debt market.
Regional campaigns best to attract investments
by Elijah Felice Rosales - May 23, 2022 - 12:00am
The Department of Finance wants regional governments to set up their own campaigns in promoting their competitive advantage to drive up their respective economies in the aftermath of the pandemic.
Tax credits erode BIR collections
by Elijah Felice Rosales - May 23, 2022 - 12:00am
The Bureau of Internal Revenue fell P47.2 billion short of its collection target in the first quarter after providing firms with tax credits under the Tax Reform for Acceleration and Inclusion Law.
Government generates P47 billion in duties from rice imports
by Elijah Felice Rosales - May 22, 2022 - 12:00am
The government has generated P47 billion from tariffs collected on rice imports as it reminded the next administration about the measure’s importance to tax efforts.
DOF stops BIR from creating special audit groups
by Elijah Felice Rosales - May 22, 2022 - 12:00am
The Department of Finance has ordered the Bureau of Internal Revenue to stop the creation of special audit groups investigating property developers, multilevel marketing, Philippine offshore gaming operators and...
Next administration urged: Sell assets to pay government debt
by Elijah Felice Rosales - May 21, 2022 - 12:00am
The head of the ways and means committee of the House of Representatives is encouraging the administration of presumptive president Ferdinand Marcos Jr. to sell assets including the Ninoy Aquino International Airport...
Government to slash PCIC subsidies
by Elijah Felice Rosales - May 20, 2022 - 12:00am
The government plans to reduce its subsidies to the embattled Philippine Crop Insurance Corp. by 2023 as a way to force the state-run insurer to rethink its financial decisions.
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